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Workers at SMC, a Japanese pneumatic engineering company, assemble products at a factory in Beijing on Wednesday, May 13, 2020. Foreign invested enterprises in China are stepping up the resumption…
Dollar remittances of expatriate Filipinos continued to rise in February just as the COVID-19 pandemic was starting to spread around the world, data from the central bank showed, though it…
SM Prime prexy Jeffrey Lim and chair Henry Sy Jr. Property giant SM Prime Holdings posted P8.3 billion in first quarter net profit, down by 5 percent year-on-year, as coronavirus-related…
LUCIO Tan Tycoon Lucio Tan-led LT Group Inc. grew net profit in the first quarter by 41 percent year-on-year to P6.21 billion, driven mostly by tobacco price increases. Earnings from…
Joand Bondoc/Inquirer MANILA, Philippines–The Duterte administration will attempt to reverse the continuing migration of the rural population to Metro Manila in a bid to decongest the nation’s capital, the epicenter…
TOKYO — Asian shares were mixed Friday as markets meandered on news about economies reopening, mixed with worries about the prolonged health risks from the new coronavirus. A currency trader…
Wall Street rallied back from a sharp morning drop on Thursday, led by a resurgence for some of the year’s most beaten-down stocks. A man wearing face mask walks past…
Budget airline Cebu Pacific is slashing spending this year by over 50 percent as the new coronavirus disease (COVID-19) pandemic forces a review of its long-term expansion plans. Operator Cebu…
The local stock barometer gained on selective buying of large-cap stocks on Thursday but trading volume was thin against the backdrop of sluggish US and regional markets. With the government’s…
The Philippines’ corporate income tax rate—Asean’s (Association of Southeast Asian Nations) highest at 30 percent—can slide to 25 percent during a one-time, big-time reduction planned in July if Congress will…
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